THE 2013 Energy Expo highlighted the significant potential that exists in the Clean Tech sector for the creation of economic development opportunities in the Isle of Man.
That was the view of Laurence Skelly MHK, Political Member for the Department of Economic Development, who made the opening address at a clean technology networking event at the recent Energy Expo.
‘I believe that the move to a low carbon economy will create significant economic development opportunities in the Clean Tech sector. The Department is looking to attract inward investment and grow the Isle of Man’s Clean Tech and Energy sectors, which complement our other high value added business sectors.
‘A recent report prepared by KPMG for the Department of Economic Development confirmed that the local clean tech sector is expecting continued significant growth. The Department wants to work closely with local businesses to ensure this potential growth is delivered and that the Isle of Man benefits economically.’
‘These aims are also in alignment with the Isle of Man’s energy policy which commits the Government to maintaining the security of our energy supply, securing the efficient use of affordable energy and minimising the impact of our energy use on the Environment.
‘To help ensure these aims are achieved the Isle of Man Government are also investigating new legislation to enable low interest loans for funding energy efficiency improvements in domestic properties.’
The networking event also featured a presentation from Richard Thompson, Business Development Manager for Williams Advanced Engineering, the technology commercialisation arm of Formula 1 race team Williams.
Additionally at the well-attended Expo, the Department of Economic Development and the Department of Environment Forestry & Agriculture conducted an Energy Efficiency Loan survey receiving a total of over 80 responses.
Surveys received were entered into a prize draw with the winner receiving a free Air Tightness Test on their home courtesy of Stroma NX with ISO QA Isle of Man Ltd donating three electronic timers as runners-up prizes.
The winner was Mrs Gomme of Ballaugh, with the runners-up prizes going to Mr Cannell from Kirk Michael, Mr Moon from Douglas and Mrs Underwood from Onchan.